(1) A person or company must not continue to act as manager of the investment fund following a direct or indirect change of control of the person or company unless
(a) notice of the change of control was given to all securityholders of the investment fund at least 60 days before the change; and
(b) the notice referred to in paragraph (a) contains the information that would be required by law to be provided to securityholders if securityholder approval of the change were required to be obtained.
(2) A mutual fund must not terminate unless notice of the termination is given to all securityholders of the mutual fund at least 60 days before termination.
(3) The manager of a mutual fund that has terminated must give notice of the termination to the securities regulatory authority within 30 days of the termination.